MECA CONSTRUCT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MECA CONSTRUCT
Largest movements
- Receivables within one year +€309,787
up €309,787 (+205.4%), from €150,808 to €460,595
of which Trade receivables: +€288,867
- Cash +€67,870
up €67,870 (+4.0%), from €1.7m to €1.8m
mainly Other debts (+€1.8m) and Net result for the year (+€205,752)
- Other debts +€1.8m
up €1.8m (+96531.1%), from €1,868 to €1.8m
- Profit (loss) carried forward -€1.6m
down €1.6m (-72.2%), from €2.2m to €613,814
- Trade debts +€119,661
up €119,661 (+3948.2%), from €3,031 to €122,692
- Tax, wage and social debts +€51,882
up €51,882 (+371.8%), from €13,956 to €65,838
of which Taxes: +€50,478
- Gross operating margin -€346,188
down €346,188 (-43.9%), from €787,846 to €441,658
- Taxes -€85,227
down €85,227 (-55.0%), from €155,009 to €69,781
- Depreciation -€39,524
down €39,524 (-40.3%), from €98,182 to €58,658
- Other operating charges -€19,905
down €19,905 (-56.0%), from €35,554 to €15,648
- Staff costs +€11,916
up €11,916 (+12.9%), from €92,023 to €103,938
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,305,372 | €2,685,485 | +€380,113 | +16.5% |
| Fixed assets | 21/28 | €410,285 | €414,347 | +€4,062 | +1.0% |
| Tangible fixed assets | 22/27 | €410,161 | €414,223 | +€4,062 | +1.0% |
| Land and buildings | 22 | €295,550 | €355,627 | +€60,078 | +20.3% |
| Plant, machinery and equipment | 23 | €15,170 | €8,446 | -€6,724 | -44.3% |
| Furniture and vehicles | 24 | €99,441 | €50,150 | -€49,291 | -49.6% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €1,895,087 | €2,271,138 | +€376,051 | +19.8% |
| Amounts receivable after more than one year | 29 | €27,133 | €27,133 | = | 0.0% |
| Other amounts receivable | 291 | €27,133 | €27,133 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €150,808 | €460,595 | +€309,787 | +205.4% |
| Trade receivables | 40 | €111,831 | €400,698 | +€288,867 | +258.3% |
| Other amounts receivable | 41 | €38,977 | €59,898 | +€20,921 | +53.7% |
| Cash at bank and in hand | 54/58 | €1,712,902 | €1,780,772 | +€67,870 | +4.0% |
| Deferred charges and accrued income | 490/1 | €4,244 | €2,638 | -€1,606 | -37.8% |
| Total equity and liabilities | 10/49 | €2,305,372 | €2,685,485 | +€380,113 | +16.5% |
| Equity | 10/15 | €2,284,772 | €690,524 | -€1.6m | -69.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,110 | €58,110 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,208,062 | €613,814 | -€1.6m | -72.2% |
| Amounts payable | 17/49 | €20,600 | €1,994,961 | +€2.0m | +9584.2% |
| Amounts payable within one year | 42/48 | €18,854 | €1,993,232 | +€2.0m | +10471.7% |
| Trade debts | 44 | €3,031 | €122,692 | +€119,661 | +3948.2% |
| Suppliers | 440/4 | €3,031 | €122,692 | +€119,661 | +3948.2% |
| Taxes, remuneration and social security | 45 | €13,956 | €65,838 | +€51,882 | +371.8% |
| Taxes | 450/3 | €4,643 | €55,121 | +€50,478 | +1087.2% |
| Remuneration and social security | 454/9 | €9,313 | €10,718 | +€1,404 | +15.1% |
| Other amounts payable | 47/48 | €1,868 | €1,804,702 | +€1.8m | +96531.1% |
| Accrued charges and deferred income | 492/3 | €1,746 | €1,728 | -€17 | -1.0% |
| Remuneration, social security and pensions | 62 | €92,023 | €103,938 | +€11,916 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,182 | €58,658 | -€39,524 | -40.3% |
| Other operating charges | 640/8 | €35,554 | €15,648 | -€19,905 | -56.0% |
| Gross operating margin | 9900 | €787,846 | €441,658 | -€346,188 | -43.9% |
| Operating profit (loss) | 9901 | €562,087 | €263,413 | -€298,674 | -53.1% |
| Financial income | 75/76B | €18,953 | €13,425 | -€5,528 | -29.2% |
| Recurring financial income | 75 | €18,953 | €13,425 | -€5,528 | -29.2% |
| Financial charges | 65/66B | €2,022 | €1,304 | -€718 | -35.5% |
| Recurring financial charges | 65 | €2,022 | €1,304 | -€718 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €579,018 | €275,534 | -€303,484 | -52.4% |
| Income taxes | 67/77 | €155,009 | €69,781 | -€85,227 | -55.0% |
| Profit (loss) for the period | 9904 | €424,009 | €205,752 | -€218,257 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €424,009 | €205,752 | -€218,257 | -51.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.